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Items filtered by date: December 2012
Monday, 24 December 2012 13:10

Livingstone Airport gets facelift

THE construction of a new terminal building at Harry Mwaanga Nkumbula International Airport will be completed in May 2013 ahead of schedule in readiness for 2013 United Nations World Tourism Organisation (UNWTO) general assembly, Project manager Peter Kapala has said. 

Published in Archived
Tuesday, 18 December 2012 16:31

INVESTMENT ABROAD GROWS

ZAMBIA's portfolio investment abroad surged to US$3.5 million in 2011 as compared to US$0.1million the previous year.

The stock of portfolio equity investment assets abroad in the first quarter of 2012 was recorded at $3.39 million and slightly went up to $3.46 million in the second quarter of the year.

Bank of Zambia (BoZ) director-economics Emmanuel Mulenga Pamu said the Zambia's portfolio investments abroad increased from $0.1 million in 2010 to $3.5 million in 2012.

With regard to the recipient countries, the foreign investment and investor perceptions in Zambia -2012 survey findings indicates that Botswana was the main destination accounting for more than 90.0 per cent of the stock. Dr Pamu said in Lusaka that the portfolio investment holdings were in the form of equity held in listed enterprises abroad by the resident enterprises.

Published in Archived
Monday, 10 December 2012 01:42

Germany pledges support

German Ambassador

GERMAN Ambassador Bernd Finke says his country will continue to support all efforts in Zambia aimed at reducing poverty.
Speaking at the commemoration of his country's Unity Day, Ambassador Finke said Germany would also help strengthen Zambia's democracy and human rights.
"These are the guiding principles and points of reference of Germany's political agenda in this country," he said at his residence in Lusaka on Tuesday.
Germany was separated into two countries, the pro-Soviet East and pro-US led allies West in 1961 after the second World War, until the two sides later merged in November 1989 after the end the Cold War.
Published in Archived
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